Economics 9708/13 — May/June 2018
Cambridge AS Level · AS Level Multiple Choice · answer key with instant marking and worked solutions
30
questions
30
marks
60
minutes
Topics Elasticities of Demand · Market Equilibrium and the Price Mechanism · Consumer and Producer Surplus · Methods of Government Intervention in Markets · Fiscal Policy · Demand and Supply · +15 more
Tap an option under each question to check it — your score builds as you go.
Q11MProduction Possibility CurvesFree sample
XY is the production possibility curve (PPC) of a firm that produces desks and chairs.
What are the opportunity costs of the 4th and 5th desks produced by the firm?
Options
| opportunity cost of 4th desk | opportunity cost of 5th desk | |
|---|---|---|
| A | 1 chair | 3 chairs |
| B | 2 chairs | 5 chairs |
| C | 3 chairs | 0 chairs |
| D | 4 chairs | 5 chairs |
The rest of this paper
29 more questions- Q2Economic Methodology1M
- Q3Factors of Production1M
- Q4(Legacy) - Money1M
- Q5Demand and Supply1M
- Q6Elasticities of Demand1M
- Q7Elasticities of Demand1M
- Q8Elasticities of Demand1M
- Q9Price Elasticity of Supply1M
- Q10Demand and Supply · Market Equilibrium and the Price Mechanism1M
- Q11Market Equilibrium and the Price Mechanism1M
- Q12Consumer and Producer Surplus1M
- Q13Consumer and Producer Surplus1M
- Q14Market Equilibrium and the Price Mechanism · Methods of Government Intervention in Markets1M
- Q15Fiscal Policy1M
- Q16Methods of Government Intervention in Markets1M
- Q17Income and Wealth Inequality1M
- Q18Methods of Government Intervention in Markets1M
- Q19Aggregate Demand and Aggregate Supply1M
- Q20Price Stability1M
- Q21Balance of Payments1M
- Q22Exchange Rates1M
- Q23Exchange Rates1M
- Q24International Trade and Comparative Advantage1M
- Q25(Legacy) - Economic Integration1M
- Q26Protectionism1M
- Q27Consumer and Producer Surplus1M
- Q28Fiscal Policy · Supply-Side Policy1M
- Q29Protectionism · Price Elasticity of Supply1M
- Q30Fiscal Policy · Monetary Policy1M
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